Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/222081
Authors: 
Khayouti, Sára
Kiss, Hubert János
Horn, Dániel
Year of Publication: 
2020
Series/Report no.: 
CERS-IE Working Papers CERS-IE WP - 2020/12
Abstract: 
We test if the political regime of a country associates with the patience of the citizens. Recent findings indicate that i) more democratic countries tend to have higher growth, and ii) patience correlates positively with economic development, suggesting a potential link between the political regime and patience. We document a positive association between the level of democracy and patience for most of the political regime indices that we use, even after controlling for region, economic development, geographical conditions, and culture. We report some evidence that political participation is behind our findings.
Subjects: 
democracy
patience
political regime
time preferences
JEL: 
D02
D12
Document Type: 
Working Paper

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